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    The Largest CRE Database in the US with Over 1 Million Listings

    2024 Ruhl Dr Guthrie, OK 73044

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    Contact for pricing

    SINGLE_FAMILY - Guthrie, OK

    Type:Office
    Property size:
    6,171 SF
    Lot size:
    1.00 Acre
    Days on Market:
    191
    Last Refresh:
    Jan 25 at 4:06 pm

    Property Features for 2024 Ruhl Dr

    General Information

    Property type
    Residential
    Property subtype
    Office
    Standard status
    Active
    Zoning
    Commercial
    APN
    2024NONERuhl73044
    Size
    6,171 SF
    Lot size
    1.00 Acre

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1982
    Floors in Building
    2
    Building materials
    Aluminum

    We can help!

    Listing Contact
    Wrenda Cockrell
    Wrenda Cockrell

    Keller Williams Realty Central Oklahoma (405) 330-2626

    Listing agent Wrenda Cockrell (405) 919-9591

    Listing date Jul 19, 2025

    MLS# 1181169

    Copyright © 2026 MLSOK, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Versatile Commercial Property Near I-35

    Located in Guthrie, OK, this commercial property offers 7,800 sq. ft. of versatile space, available starting November 1. Situated minutes from I-35, the property provides convenient access to Edmond, OKC, and surrounding areas. It features three spacious, heated shops with spray-foam insulated roofs, along with a front office suite that includes a furnished conference room, a break room, and eight private office spaces. There are two bathrooms, one located in the shop area. The property includes a loading dock for efficient operations. Security is enhanced by a state-of-the-art system with mobile access, a card access system with fobs, and fencing topped with barbed wire. The property provides 19 customer parking spaces in the front and 20 secure parking spaces in the rear, behind the fenced yard. The commercial yard space is suitable for equipment, storage, or fleet vehicles. Comfort is ensured with central heat and air throughout the building, and all shops are heated for year-round productivity. A wired phone system is ready for immediate setup. The property sits on a 1-acre commercial yard. The property contains 6,171 square feet of space. The property is zoned for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wall Geothermal Air Conditioning Contractor Integrity | HVAC & Electrical ... Hvac Contractor Equine Natural Care Wholesaler Gellenbeck Installation Inc Construction Company

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Hotel & Motel Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Guthrie
    County
    Logan
    State
    Oklahoma
    Longitude
    -97.42696
    Latitude
    35.857286

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    FAQs

    What type of property is this?
    Office space - 7,800 sq ft commercial property in Guthrie, OK, near I-35.
    Where is this office space located?
    The property is located at 2024 Ruhl Dr Guthrie, OK.
    What is the asking price?
    The asking price for this property is $8,000.
    What are key features of this property?
    This property features: - Prime location in Guthrie, OK, minutes from I-35, providing easy access to Edmond, OKC, and surrounding areas.; - Versatile 7,800 sq. ft. commercial property with three spacious, heated shops and spray-foam insulated roofs.; - Secure property with state-of-the-art security system (mobile access), card access, and fenced yard with barbed wire.
    (405) 919-9591
    Request Owner's contact information
    2024 Ruhl Dr Guthrie, OK 73044
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2024 Ruhl Dr Guthrie, OK 73044
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    We can help!
    Listing Contact
    Wrenda Cockrell
    Wrenda Cockrell
    Real Estate License ID: 146036
    (405) 919-9591
    Learn more
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